News: Spotlight Content

The normal business world is in disarray and we all are adapting to changes in our business and our lives - by David O'Sullivan

David O'Sullivan

The air is getting warmer and the signs of spring are around us. We have sprung ahead with the clocks and we were all looking forward to a new season. Unfortunately things in the world don’t seem so upbeat.

The normal business world is in disarray and we all are adapting to changes in our business and our lives. We all are aware of the technology to work remotely, have meetings online etc but ours is a visual and physical industry in many aspects so the change to remote work is a big switch. Our lives are disrupted at present but that does not mean all is doom and gloom. Some recent events such as closing of stores, schools, intuitions and many offices are unprecedented but seem necessary to get the virus under control. Some are even shocking such as shutting down construction sites. At least 21.4 million s/f of new or renovated development was underway in the city of Boston prior to the construction shutdown. “We’re in uncharted waters right now,” said John Fish, CEO of the largest general contractor in Massachusetts. No one knows how this affects us long term but we are all suffering short term. And now Cambridge has followed suit with halting construction. The chief executive officer of the Associated General Contractors of America, Stephen Sandherr, issued the following statement in reaction to steps being taken to put in place arbitrary halts to construction activity in certain parts of the country: “Halting construction activity will do more harm than good for construction workers, community residents and the economy. Construction firms are already acting to ensure the safety and health of their employees in the face of the coronavirus outbreak. These new measures, which include increased hygiene and halting group gatherings of staff, are in addition to the fact construction workers already wear protective equipment, including gloves that will help protect them and their co-workers. “We understand the need for social distancing to help slow the spread of coronavirus. But needlessly shutting down projects where workers are already protected will not help. Instead it will threaten the livelihood of millions of craft professionals, force many small and family-owned businesses to shut down, and undermine the nation’s ability to respond to natural disasters, including the coronavirus”. These things are actions we have never seen happen in our society and no one knows how long things will need to continue to be closed.

So how do we know what will become of the spring market? It is impossible to predict at this time. We can take this opportunity to pause and look at our business and see what are the weaknesses and strengths. Update your business plans and review your marketing materials. 

Discuss with your employees the goals or areas of improvement. This process cannot only help you weather the present crisis but institute better systems and practices which benefit your company.

If we can get through this crisis the potential for a rebound will be good, people still need housing, offices and improvements to their homes. Many people may realize they don’t like where they live now that they spent so much time at home. Also office space and retail operations may see longer term affects from this crisis and companies may need to make changes providing additional work for construction companies and real estate professionals. So everyone has to look beyond the present and prepare for a future when new opportunities present themselves. Stay safe and enjoy time with your family while you have it.

David O’Sullivan, AIA, is the president of O’Sullivan Architects, Inc., Reading, Mass.

MORE FROM Spotlight Content

Check out the New England Real Estate Journal's 2025 Fall Preview Spotlight

NEREJ’s Fall Preview is Out Now!
Explore our Fall Preview Spotlight, featuring exclusive Q&As with leading commercial real estate professionals and in-depth byline articles on today’s most relevant market topics. Gain insight into the trends, challenges, and opportunities shaping New England’s commercial real estate landscape this fall.  
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Shallow-bay wins on 495/128:  A renewal-driven market with a thin pipeline - by Nate Nickerson

Shallow-bay wins on 495/128: A renewal-driven market with a thin pipeline - by Nate Nickerson

The Boston industrial market entered mid-2025 in a bifurcated state. Large-block vacancy remains elevated, while shallow-bay along the 495/128 corridor continues to prove resilient. Fieldstone’s focus on this geography positions us squarely in the middle of a renewal-driven, supply-constrained
How long should I hold a property for it to qualify as an investment property in connection with a 1031 tax-deferred exchange? - by Brendan Greene and Mark McCue

How long should I hold a property for it to qualify as an investment property in connection with a 1031 tax-deferred exchange? - by Brendan Greene and Mark McCue

Internal Revenue Code (IRC) Section 1031 provides “No gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment if such property is exchanged solely for property of like kind which is to be held
How do we manage our businesses in a climate of uncertainty? - by David O'Sullivan

How do we manage our businesses in a climate of uncertainty? - by David O'Sullivan

These are uncertain times for the home building industry. We have the threat of tariffs mixed with high interest rates and lenders nervous about the market. Every professional, whether builder, broker, or architect, asks themselves, how do we manage our business in today’s climate? We all strive not just to succeed, but
30 years on South Coast Rail: A journey to connect Southeastern Mass. with commuter rail - by Rick Carey

30 years on South Coast Rail: A journey to connect Southeastern Mass. with commuter rail - by Rick Carey

On March 24, 2025, a dream more than three decades in the making became a reality with the launch of the Massachusetts Bay Transportation Authority’s (MBTA) South Coast Rail commuter service. This milestone marks the completion of a project that overcame numerous starts and stops, including changes in leadership